. >> eric: it's still going to be tob tough. hostess, thousands of layoffs expected right here into the bay area. >> kristen: important meeting happening today as president obama and congressional leaders try to avoid that fiscal cliff. >> and trading is under way on wall street. live look at the big board. dow is down about 6 1/2 points. >>> shot of tahoe where snow showers are rolling through. have fun skiing next th week and next weekend if you are going. entire state is going to get wet today. temperatures will be pretty mild. 50s and 60s and 78 at palm springs. if you are heading up to the mountains, winter weather advisory. 5-11 inches of snow. >> eric: new this morning, hostess brands announcing it is going out of business. hostess is laying off work force of more than 18,000 people including 140 workers at the bakery in oakland which a distributor of hostess products. texas based company a nationwide strike crippled its ability to deliver products. hostess had warned employees it would file a motion to sell off assets if plant operations didn't return to normal level by last night.